Zoe Chace http://wuis.org en Penny Hoarders Hope For The Day The Penny Dies http://wuis.org/post/penny-hoarders-hope-day-penny-dies Transcript <p>AUDIE CORNISH, HOST: <p>Every year, the U.S. government loses money minting pennies. They cost around twice as much to make as they're worth. And some politicians and economists say we ought to just get rid of them. They want the U.S. to kill the penny, take it out of circulation. If that happens, a small group of people plan to make a bunch of money.<p>NPR's Zoe Chace has that story from our Planet Money team.<p>ZOE CHACE, BYLINE: Steve Wardak is one of those people. This guy is a big fan of the penny. He's never walked past a penny on the street and not picked it up. Wed, 21 May 2014 20:10:00 +0000 Zoe Chace 25628 at http://wuis.org When Lyrics Get Posted Online, Who Gets Paid? http://wuis.org/post/when-lyrics-get-posted-online-who-gets-paid Any time a song is popular, you'll find people debating it. And at some point during that debate, someone is going to Google the lyrics.<p>There are roughly 5 million searches for lyrics per day on Google, according to LyricFind. Those searches often lead to websites that post lyrics to lots of songs — and, in many cases, sites that post ads alongside those lyrics.<p>David Lowery, frontman and songwriter for Cracker and Camper van Beethoven, is waging war on the sites he believes make money off song lyrics but don't pay the songwriter. Fri, 09 May 2014 07:53:00 +0000 Zoe Chace 24724 at http://wuis.org When Lyrics Get Posted Online, Who Gets Paid? Like So Many Magazines, 'Ladies' Home Journal' Cuts Back http://wuis.org/post/so-many-magazines-ladies-home-journal-cuts-back Transcript <p>RACHEL MARTIN, HOST: <p>This is WEEKEND EDITION from NPR News. I'm Rachel Martin. Ladies' Home Journal, the magazine that was once so popular with housewives and homemakers, is ending its 130-year run as a monthly magazine. The print magazine business has of course changed dramatically in the last few decades.<p>And Ladies' Home Journal saw its own advertising revenues drop by more than 50 percent over the last 10 years. But this story isn't just about business as you might expect. Sun, 27 Apr 2014 12:03:00 +0000 Zoe Chace 23893 at http://wuis.org Across The Atlantic, Glimpse An Alternate Internet Universe http://wuis.org/post/across-atlantic-glimpse-alternate-internet-universe Transcript <p>AUDIE CORNISH, HOST: <p>Already for many Americans, there are few options when it comes to high-speed broadband. And the reason, says Zoe Chace with our Planet Money team, goes back to a moment when the U.S. decided to go one way and the rest of the world went another.<p>ZOE CHACE, BYLINE: That moment, March 14th, 2002, a bunch of people from the Federal Communications Commission pondering an existential question. There's this brand-new cable coming into your home with the Internet on it. What is this thing?<p>Did you really sit around and say, like, what is this? Wed, 09 Apr 2014 21:08:00 +0000 Zoe Chace 22670 at http://wuis.org An Old Law, A Snowy Winter, And A Modern-Day Salt Shortage http://wuis.org/post/how-old-law-caused-modern-day-salt-shortage There were so many winter storms in New Jersey this year that the state nearly ran out of the salt used to melt snow and ice on the roads.<p>State officials thought they had found a solution when they discovered an extra 40,000 tons of rock salt for sale up in Searsport, Maine.<p>The state bought the salt but ran into problems getting it to New Jersey — despite the fact that there was an enormous, empty cargo ship, sitting at the Searsport port, headed down to Newark.<p>"I mean, it was just like serendipity," says Joe Dee, chief of staff with the New Jersey Department of Transportation. Fri, 28 Feb 2014 08:28:00 +0000 Zoe Chace 19902 at http://wuis.org An Old Law, A Snowy Winter, And A Modern-Day Salt Shortage What It Was Like To Be A Wall Street Recruit After The Bailouts http://wuis.org/post/what-it-was-be-wall-street-recruit-after-bailouts Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.<p>It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.<p>No reporter has ever made it in. Roose wore a tuxedo, and got a seat at a table. Thu, 20 Feb 2014 15:05:00 +0000 Zoe Chace 19341 at http://wuis.org What It Was Like To Be A Wall Street Recruit After The Bailouts How Perverse Incentives Drive Up Health Care Costs http://wuis.org/post/how-perverse-incentives-drive-health-care-costs Transcript <p>STEVE INSKEEP, HOST: <p>Emergency medical technicians, EMTs, are trained to save your life and aim to get you to a hospital as quickly as possible when needed. One thing they are usually not asked to do is to find ways to save money.<p>NPR's Zoe Chace explores one experiment in New York City that is trying to cut emergency care costs and cut return trips to the E.R.<p>ZOE CHACE, BYLINE: I'm in an ambulance, and we're on the way to the emergency room.<p>PETER DERMODY: How long have you been feeling like this, Michael?<p>MICHAEL: Like, two days.<p>DERMODY: For two days? Thu, 16 Jan 2014 10:11:00 +0000 Zoe Chace 17032 at http://wuis.org How A Community Bank Tripped On Footnote 1,861 Of The Volcker Rule http://wuis.org/post/how-community-bank-tripped-footnote-1861-volcker-rule When people talk about the Volcker Rule, they often mention JPMorgan Chase, the giant bank where a trader recently made a bad bet that lost $6 billion. The Volcker Rule is supposed to put an end to that sort of thing, by prohibiting banks from trading with their own money.<p>But some banks that are very, very different from JPMorgan Chase are struggling with an obscure provision in the rule. Fri, 10 Jan 2014 22:31:00 +0000 Zoe Chace 16710 at http://wuis.org The Secret Protectionism Buried Inside NAFTA http://wuis.org/post/secret-protectionism-buried-inside-nafta Transcript <p>DAVID GREENE, HOST: <p>Now NPR's Zoe Chase, from our Planet Money Team, reminds us about one industry that played a big role in NAFTA's passage: men's underwear.<p>ZOE CHACE, BYLINE: Now you're used to the labels: made in Mexico, made in China, made in Bangladesh. Thu, 26 Dec 2013 09:30:00 +0000 Zoe Chace 15733 at http://wuis.org Nixon And Kimchi: How The Garment Industry Came To Bangladesh http://wuis.org/post/nixon-and-kimchi-how-garment-industry-came-bangladesh <em>More details were added to this post after it was published. The new information was courtesy of Vidiya Khan, director of the Desh Group, and daughter of Noorul Quader.</em><p>Bangladesh was created out of chaos in the early 1970s, at a moment when millions in the country were dying from a combination of war and famine. The future looked exceedingly bleak.<p>Abdul Majid Chowdhury and Noorul Quader were Bangladeshi businessmen who wanted to help their country. "We asked ourselves, 'What the hell do we want?' " Chowdhury recalls. Mon, 02 Dec 2013 20:57:00 +0000 Zoe Chace 14342 at http://wuis.org Nixon And Kimchi: How The Garment Industry Came To Bangladesh Chips, Beer, Tweets: Why TV Is Key To Twitter's Prospects http://wuis.org/post/chips-beer-tweets-why-tv-key-twitters-prospects One thing Twitter has that other social networks don't: Users who talk about the world in real time. In practice, this largely means one thing. Millions of people use Twitter while they're watching TV.<p>Those people often use hashtags to let other fans find their tweets (#BreakingBad, #NFL). Wed, 06 Nov 2013 21:26:00 +0000 Zoe Chace 12490 at http://wuis.org Chips, Beer, Tweets: Why TV Is Key To Twitter's Prospects Heard It Through The Grapevine: Raisin Grower Goes Rogue http://wuis.org/post/heard-it-through-grapevine-raisin-grower-goes-rogue Transcript <p>DAVID GREENE, HOST: <p>Now, the story of a man many call an outlaw. His crime: growing raisins and then deciding to sell them all. His case made it all the way to the Supreme Court.<p>Planet Money's Zoe Chace has the story.<p>ZOE CHACE, BYLINE: You might imagine that such an ordinary thing like a raisin works the same way lots of other stuff works. The raisin grower takes his sun-dried grapes and sells them, as many as he can to whoever wants them. Wed, 14 Aug 2013 09:36:00 +0000 Zoe Chace 7257 at http://wuis.org The Raisin Outlaw Of Kerman, Calif. http://wuis.org/post/raisin-outlaw-kerman-california Meet Marvin Horne, raisin farmer. Horne has been farming raisins on a vineyard in Kerman, Calif., for decades. But a couple of years ago, he did something that made a lot of the other raisin farmers out here in California really angry. So angry that they hired a private investigator to spy on Horne and his wife, Laura. Agents from a detective agency spent hours sitting outside the Hornes' farm recording video of trucks entering and leaving the property.<p>What did the Hornes do to become the subject of a surveillance campaign? They sold raisins. Fri, 09 Aug 2013 18:42:00 +0000 Zoe Chace 7060 at http://wuis.org The Raisin Outlaw Of Kerman, Calif. Stamps, Jeans, Beer: What Americans Want From North Korea http://wuis.org/post/stamps-jeans-beer-what-americans-want-north-korea U.S. sanctions mean that any citizen or business wanting to buy stuff from North Korea has to send a letter to the U.S. government asking for special permission. A few months back, we submitted a Freedom of Information Act request, asking for those letters.<p>Our request was granted: We recently received a packet of 18 letters from Americans who wanted to do business with the most isolated nation on the planet. Fri, 26 Jul 2013 16:49:00 +0000 Zoe Chace 6340 at http://wuis.org Stamps, Jeans, Beer: What Americans Want From North Korea The 'Ask Your Uncle' Approach To Economics http://wuis.org/post/ask-your-uncle-approach-economics The Beige Book is weird. It's an economic report released by the Federal Reserve every few months, but it doesn't have many numbers in it. Mostly, it's a bunch of stories gathered by talking to businesses around the country. Wed, 17 Jul 2013 21:05:00 +0000 Zoe Chace 5895 at http://wuis.org The 'Ask Your Uncle' Approach To Economics